Bill Maher Says CA Taxes Are Too High (deductible, costs)

[sav858]

Originally Posted by nullgeo

You would do well to heed our advice. As I suggested previously, I recommend Nebraska.

Sadly you actually probably believe that, are you seeing what I mean with the arrogance thing yet? Probably not, too arrogant to see it I'm sure

[AllenSJC]

The taxes that affect individuals and families (sales and income taxes especially) are really high in California, while the taxes that affect big businesses and long-time landowners are pretty low. Corporations like Oracle, HP, etc. have gotten a sweet deal under California's tax laws.

[Leonard64]

Originally Posted by jm1982

Wow that bubble was shocking ..

Texas only at 2.6percent
And Florida only at 2.4 ??

What the heck is going on with this state
That's just embarrassing

I knew it was bad ... But not that bad !

Even TN is only 3.6 and we have about 1/6th the population of CA.

Lets see: 6 X 3.6 (TN)= 21.6 and CA is way higher.

I know, it is all those tech jobs in CA, right?

[Leonard64]

Originally Posted by Senno

Yes, Leonard. We have many poor immigrants struggling to make their way. What if your ancestors had been met by conservatives a complaining instead of being welcoming?

Well my ancestors fixed it by taking up arms and running the British out and then went ahead and worked for a living doing anything they could. They would have even worked in Fontyucky's fields.

[Leonard64]

Originally Posted by Senno

If only everyone had 5 free acres of government land these days.

I will take 5 free acres in Newport Beach please. You can have 5 in Fresno.

[nullgeo]

Originally Posted by AllenSJC

The taxes that affect individuals and families (sales and income taxes especially) are really high in California, while the taxes that affect big businesses and long-time landowners are pretty low. Corporations like Oracle, HP, etc. have gotten a sweet deal under California's tax laws.

Guess you are commenting without reading the thread or otherwise educating yourself to the realities of California taxes? The income taxes that affect wealthy individuals are indeed quite high *sob* ... the income taxes that affect the middle are modest (hunt around and you'll find the charts) ... the income taxes that affect the lower income earners are pretty much the lowest in the nation.

Moving on to sales taxes: California shares its proximity of high sales tax with a number of other states.

But most importantly, there are numerous offsetting factors -- such as property taxes and deductions -- that effectively neutralize the nominal high tax rates.

Taxes in California are stiff for the wealthy. Yes. That is the whole topic here. Maher and Mickelsen have a decision to make: QOL or hang on to every dime. For mid- and lower folks, taxes aren't your problem. "Tax-burden" averages don't begin to tell the story since it is the rich who pick up more than 2/3's of the tab -- which means the vast majority of Californians don't pay anywhere up to the average level.

37 million people all trying to own houses in LaJolla and the Marina District and crying that taxes are what's holding them back is hilarious.

[nullgeo]

Originally Posted by Leonard64

Even TN is only 3.6 and we have about 1/6th the population of CA.

Lets see: 6 X 3.6 (TN)= 21.6 and CA is way higher.

I know, it is all those tech jobs in CA, right?

No, Leonard ... as should be obvious (as has been noted many times) it's the weather.

[AllenSJC]

Originally Posted by nullgeo

Guess you are commenting without reading the thread or otherwise educating yourself to the realities of California taxes? The income taxes that affect wealthy individuals are indeed quite high *sob* ... the income taxes that affect the middle are modest (hunt around and you'll find the charts) ... the income taxes that affect the lower income earners are pretty much the lowest in the nation.

Moving on to sales taxes: California shares its proximity of high sales tax with a number of other states.

But most importantly, there are numerous offsetting factors -- such as property taxes and deductions -- that effectively neutralize the nominal high tax rates.

Taxes in California are stiff for the wealthy. Yes. That is the whole topic here. Maher and Mickelsen have a decision to make: QOL or hang on to every dime. For mid- and lower folks, taxes aren't your problem. "Tax-burden" averages don't begin to tell the story since it is the rich who pick up more than 2/3's of the tab -- which means the vast majority of Californians don't pay anywhere up to the average level.

37 million people all trying to own houses in LaJolla and the Marina District and crying that taxes are what's holding them back is hilarious.

You make some good points. The upper-middle class and the "working rich" do pay a hefty share of taxes in California....as they should, IMHO. And yes, tax burdens are lower for the middle-and-lower income individuals and families here than they are for the wealthy. The problem is, the cost of living in places like Los Angeles or especially the SF Bay Area is pricing out the middle class...which means that middle-income tax revenue is lost.

But of course, many of the wealthiest people in California (and the nation) don't actually make much of their money (percentage-wise) as "earned" income......so there's also a lot of money that is not being taxed at nearly the same rate.

[Leonard64]

Originally Posted by nullgeo

No, Leonard ... as should be obvious (as has been noted many times) it's the weather.

Ahh I see, weather brings poverty. What a blessing.

[Leonard64]

Originally Posted by AllenSJC

You make some good points. The upper-middle class and the "working rich" do pay a hefty share of taxes in California....as they should, IMHO. And yes, tax burdens are lower for the middle-and-lower income individuals and families here than they are for the wealthy. The problem is, the cost of living in places like Los Angeles or especially the SF Bay Area is pricing out the middle class...which means that middle-income tax revenue is lost.

But of course, many of the wealthiest people in California (and the nation) don't actually make much of their money (percentage-wise) as "earned" income......so there's also a lot of money that is not being taxed at nearly the same rate.

Many of the wealthiest pay next to zero in taxes as they invest the money they all ready have in tax free State and Municipal bonds.

If I had oh say 5 million I would quit work and live off the money. Yah, $100,000.00 a year tax free (taxes already paid) for 50 years. OK, maybe a few less with inflation, but my SSI would help cover that. No more income tax to any State or the Feds at all. Then if I spread it among safe, even if low paying investments I would cover inflation, even after paying a little bit of tax.

I have still never figured out why SS and Medicare tax has an upper limit. Charge that tax on every dime made and no more shortage (Except it now goes into the general revenue and gets spent on other things and then is replaced with IOU's).